Canadian and U.S. markets hit new highs this year, recovering their losses from the December drop of 2018. A pause in rate hikes has led to a decline in bond yields, and the Federal Reserve’s dovish tone towards the economy has allowed the Canadian dollar to appreciate. Oil prices have recovered, and gold saw its price climb upwards amid market uncertainty. Read more in Investment Perspectives.

 

MARKETS QTR-END

28-Jun-19

YR-END

31-Dec-18

CHANGE THIS YEAR
S&P/TSX Composite 16,382 14,323 14.4%
S&P 500 2,942 2,507 17.3%
EAFE 1,922 1,720 11.8%
GoC 10-Year 1.47% 1.96% -50bps
US Gov 10-Year 2.00% 2.69% -69bps
CAD$ / US$ 0.764 0.733 4.2%
WTIC Oil $58.47 $45.41 28.8%
Gold $1,412.30 $1,281.34 10.2%

 Returns are based on price change only, and exclude dividends.  Foreign indices are in USD.

 

Source: National Bank Financial, QUANT Monitor as of June 28, 2019